Partners Allen Denson, Alice Hrdy, Daniel Tehrani, and Michael Kraut co-authored a Law360 Expert Analysis article discussing how state attorneys general (AGs) are increasingly expanding their role in enforcing consumer finance laws.
The authors explain that in response to shifts in federal priorities, state AGs are using their broad powers to address issues such as elder abuse, AI bias in lending, novel financial products, and deceptive practices in auto lending and debt settlement. The article also provides guidance for companies on how to reduce enforcement risks through strong customer service, compliance audits, and monitoring regulatory changes.